2023 | KPBL

domestic tax Minimum Corporate Income Tax Polish Local Minimum Income Tax Polish tax residency Tax Base tax regulationsPolish Local Minimum Income Tax

December 20, 2023

Is it possible to effectively submit a power of attorney for the files of a given tax case before it has been officially initiated? Is a power of attorney submitted for the files of a tax case that (as it later turns out) was not properly initiated (in fact, was not initiated at all) considered valid, and does it constitute authorization to represent the principal in subsequent properly initiated tax proceedings?

pan-European Personal Pension Product PEPPPEPP – pan-European Personal Pension Product

November 5, 2023

The pan-European Personal Pension Product, known as PEPP, officially became law on September 26, 2023. PEPP is a European pension plan designed to offer supplementary income in addition to both the state pension and its associated support structures.

PCC Transfer taxTransfer tax: changes in purchase of real properties

November 5, 2023

As of August 31, 2023, there is no longer a transfer tax (abbreviated as PCC in Polish) on the purchase of a first home on the second-hand housing market. Typically, the transfer tax for civil law transactions is 2 percent of the real property price, and in the case of a sales contract, it is paid by the buyer. This relief now exempts the purchase of a second-hand home from this transfer tax.

late payment interestPoland Implements Reduced Rates for Late Payment Interest

October 16, 2023

On September 15, 2023, Poland released an Announcement from the Ministry of Finance regarding the interest rates for tax arrears and late payments. This announcement includes the following reductions in interest rates:

Poland demographicsDemographic Struggles: Poland Anticipates Significant Population Decline by 2060

October 16, 2023

Poland, much like numerous other nations, grapples with significant demographic hurdles. According to projections from the Central Statistical Office of Poland, the country’s population could dwindle by nearly a third, reaching 27 million people by 2060. Let’s delve into the factors influencing this process.

real estate market PolandHousing affordability: What Can an Average Salary Buy in Terms of Square Meters of Housing in Poland?

October 16, 2023

In the realm of housing demand and affordability, Poland mirrors global concerns. A recent study by RynekPierwotny.pl delved into the housing markets of the ten largest Polish cities, gauging how many square meters of real estate an average salary can secure.

AI artificial intelligence Common Concerns about AIArtificial Intelligence and the Law

October 16, 2023

The surge in interest surrounding the implementation of artificial intelligence (AI) solutions to enhance efficiency and gain a competitive edge is the latest trend. However, concerns about legal compliance, particularly in light of pending EU regulations addressing AI, are of utmost importance.

e-Invoice SystemUnveiling a New Era: Navigating the Landscape of Poland’s National e-Invoice System (KSeF)

August 29, 2023

Embarking on a revolutionary journey to reshape the landscape of VAT invoicing, Poland introduces the National e-Invoice System (KSeF). This ground-breaking initiative, initiated in January 2022, promises to redefine the issuance and receipt of VAT invoices, propelling businesses into a new era of digital efficiency. While its initial rollout was optional, the mandatory adoption of KSeF is on the horizon, slated to commence in July 2024.

Post-Divorce Child ContactNavigating Post-Divorce Child Contact Arrangements in Poland

August 29, 2023

Embracing a new chapter post-marriage dissolution can be intricate, especially when it comes to matters involving children. Commonly, after the bonds of matrimony fray, parents find themselves at odds over crucial child-related decisions. Setting up a coherent visitation schedule becomes a daunting task, often leading to one parent limiting the other’s interaction with the child.

2023 real estate market2023 Real Estate Market

August 8, 2023

Despite unfavourable external factors, the real estate market has demonstrated remarkable stability across most sectors, with the private rented sector (PRS) emerging as a resilient alternative asset class, attracting 4% of investment volume. Poland has successfully attracted €5.8 billion in capital, further strengthening its real estate market. However, caution remains as market uncertainties make it challenging to surpass previous investment volumes achieved in 2021-2022.

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